On July 31st, OFAC (The Office of Foreign Asset Control) took decisive action against individuals and entities linked to terrorist organizations Al-Qaeda, ISIS, and ISIS-Khorasan (ISIS-K) in the Maldives. Among those sanctioned is Ali Shafiu, a Maldivian national actively involved in the activities of ISIS-K.
With the crypto ecosystem suffering from a loss of $3.9 billion in 2022 due to smart contract vulnerabilities, ransomware, price oracle manipulation, and many more criminal activities, and the figures of 2023 surpassing $656 million in the first half of the year itself, serious efforts are being made to ensure the yearly figures don’t exceed the previous one. Though it still remains too early to make a comment on what’s about to happen in the world of digital assets, law enforcement agencies remain focused on implementing methodologies to prevent crypto hacks.
